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Mahanagar Gas

Buy Mahanagar Gas shares

MAHANAGAR GAS (BOM: 539957) Shares

ABOUT MAHANAGAR GAS

Mahanagar Gas Limited (BOM: 539957), an Indian gas-distribution company, functions as an enterprise of GAIL Limited, Government of Maharashtra and BG Asia Pacific Holdings Pte. Limited. The company – one of India’s leading natural-gas distribution companies – was incorporated in May 1995. Its headquarters is located in Mumbai.

Mahanagar Gas Limited serves approximately 1.2 million households. It also has a corporate clientele of more than 3 800 small commercial and industrial establishment. About 700,000 vehicles in Mumbai, Thane, Navi Mumbai and Mira-Bhayander are powered by the company’s products.

The company operates through and extensive distribution network. The latter comprises approximately 430 km steel pipeline, as well as more than 470 km PE pipeline. Gas is distributed through 1 268 dispensing depots.

The company’s business operations have been integrated via the ERP-SAP system. Mahanagar Gas Limited boasts a track-record of almost 100 % reliability. Its excellent service delivery was clearly demonstrated during the Mumbai floods of 2005, when the company managed to supply gas without any interruptions. Today, MGL employs about 540 people.

OVERVIEW OF MAHANAGAR GAS

  • Mahanagar Gas Limited distributes compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and surrounds, as well as in the Raigad district of Maharashtra.

  • Mahanagar Gas Limited further supplies a variety of vehicles, such as taxis, cars and rickshaws, with CNG. The latter is also supplied to companies such as Brihanmumbai Electricity Supply and Transport, Navi Mumbai Municipal Transport, Thane Municipal Transport and Maharashtra State Road Transport Corporation.

  • PNG is distributed to local domestic, commercial and industrial markets. The company’s clientele comprises the metal-, pharmaceutical, food- and beverage industries, as well as oil mills and power-generation companies. Commercial PNG is also used in hospitals, hotels, and by charitable trusts. MGL is also in the process to expand its services to areas such as Kalyan, Badlapur, Ulhasnagar and Ambernath, to name but a few. Due to the growing demand, the company is also sourcing gas from various other existing suppliers.

VISION & VALUES OF MAHANAGAR GAS

  • Mahanagar Gas Limited’s mission is to become a world-class, environmentally friendly gas-supplier and employer of choice.

  • It is fully committed to the provision of safe energy to its clients, as well as to creating maximum value for its shareholders who purchase company stock.

  • Its business practices adhere to all industry regulations, and are characterized by transparency, honesty and accountability.

MARKET PERFORMANCE OF MAHANAGAR GAS

  • Mahanagar Gas Limited is listed on the Bombay Stock Exchange (BSE) under stock symbol BOM: 539957 in the Business Sector: Specialty Chemicals. It also lists on the National Stock Exchange of India (NSE) under the MGL code.

  • The company’s track-record of reliability and ethical business practices makes it a leading performer in its industry. For the financial year that ended March 2019, it recorded total income of ₹ 2868.78 crores, operating profit of ₹885.45 crores and EBITDA of ₹ 963.16 crores. Equity capital for this period amounted to ₹ 98.78. 

  • Buying or selling company shares is an attractive prospect, as shareholders can expect solid dividends and returns.

LATEST NEWS MAHANAGAR GAS

Buy MAHANAGAR GAS stocks / shares – A Step by Step Guide how to Buy / Purchase MAHANAGAR GAS  Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy MAHANAGAR GAS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN MAHANAGAR GAS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE MAHANAGAR GAS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of MAHANAGAR GAS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy MAHANAGAR GAS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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